Raynu Energy announced today the restructuring of their cash flow situation. That after almost five years of development the dream of better deployment of current solar technology will become a reality. Raynu will receive more than 750 million in Investment grade bonds "A Rated" from an undisclosed source. This refinancing will allow Raynu to move forward and clean up some past debt and improve its cash flow position.
Raynu is looking to build 5 to 10 solar generation farms in Asia over the next 5 years with a total generation capacity of more than 500MWp. As well as Two solar panel factories, one in Mainland China and another somewhere in Asia negotiations are currently underway and should be final within the next few weeks.
Raynu is also negotiating with the governments of several countries in Asia as well as Costa Rica, El Salvador, and Mexico. For the development of their new solar farms to be constructed in their countries.
Raynu's new tracking technologically provides for up to 50% better efficiency than normal generation methods. This 1st round of 500 MW is only the beginning of Raynu's global plan to construct more than 4 BWp over the next 10 years of clean renewable electricity.
Raynu's plans call for mixture of equipment to be manufactured in their factory in Shanghai as well as purchasing components from companies in China, Germany, and the United States.
Raynu also plans to open and start to trade carbon credits in Shanghai no later than July of this year.
With 2 farms currently in operation in Bolivia and Columbia Raynu's 12 MWp of production will sky rocket over the next 2 years and Raynu will become a major supplier of electricity worldwide.
Raynu's COO Michael Gavrilov states that Raynu is dedicated to delivering clean renewable energy to emerging nations of the world. As well as the United States,China and other world leaders. That Raynu will be working closely with several missionary and humanitarian groups to also provide electricity to needy villages through out the world. That Raynu will also be offering a portable solar generator capable of delivering clean efficient electricity capable of pumping and purifying enough water for more than 4000 people and still power a small church and school.